Japan’s Pension Fund Association (PFA) is planning to expand its portfolio of alternative investments, Asian Investor reports. The $123 billion fund is seeking to broaden its exposure to private equity and other illiquid strategies, such as infrastructure and real estate. PFA is planning to expand its spectrum of strategies, which may include mega buyouts, mid-cap strategies and special situations, mainly focused on the U.S. and Europe. Currently, the fund has around $1 billion allocated to private equity, including distressed strategies.

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